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S H Kelkar & Company Q1 Results Downfall at a Total Revenue of ₹470.31 crores & Net Income of ₹86.58 crores
S H Kelkar & Company Q1 Results Reported a Total Revenue of ₹470.31 crores, showing a 5.57% YoY increase but an 11.77% QoQ decrease and Net Income loss of ₹86.58 crores this quarter compared to a profit of ₹27.22 crores last year.
by Ruksana
Updated Sep 26, 2024
Table of Content
S H Kelkar & Company Quarterly Overview
S H Kelkar & Company Q1 Results: In the Q1 results for S H Kelkar & Company, the financial performance shows significant changes when comparing the current quarter to both the previous quarter (QoQ) and the same quarter last year (YoY). The total revenue for June 2024 was ₹470.31 crores, which is a decrease of 11.77% compared to March 2023's revenue of ₹472.43 crores, indicating a quarter-on-quarter decline. However, it reflects a 5.57% increase from ₹445.49 crores in June 2023, showing positive growth year-over-year (YoY).
The total operating expense for the current quarter was ₹414.54 crores, down 11.37% from ₹447.46 crores in the previous quarter, but up 4.49% compared to the same quarter last year. The operating income improved to ₹55.77 crores, which is a strong increase of 14.33% YoY from ₹48.78 crores in June 2023, although it fell 14.65% QoQ from the previous quarter. Despite these gains, the company reported a net income loss of ₹86.58 crores this quarter, contrasting sharply with a profit of ₹27.22 crores YoY. The diluted normalized EPS of -₹0.55 indicates losses this quarter, reinforcing the challenges the company faces year-over-year (YoY).
Here’s a summary of the Q1 results for S H Kelkar & Company, presented in simple English and in table format:
(₹ in crores)
|
Fiscal Period |
Jun 24 |
Mar 23 |
QoQ Change |
Jun 23 |
YoY Change |
|
Total Revenue |
470.31 |
472.43 |
-11.77% |
445.49 |
5.57% |
|
Selling/General/Admin Expenses Total |
67.20 |
56.89 |
1.90% |
60.30 |
11.44% |
|
Depreciation/Amortization |
22.49 |
20.52 |
-0.79% |
21.64 |
3.93% |
|
Other Operating Expenses Total |
78.52 |
69.89 |
-2.64% |
65.22 |
20.39% |
|
Total Operating Expense |
414.54 |
447.46 |
-11.37% |
396.71 |
4.49% |
|
Operating Income |
55.77 |
24.97 |
-14.65% |
48.78 |
14.33% |
|
Net Income Before Taxes |
-73.34 |
18.81 |
0.00% |
39.10 |
0.00% |
|
Net Income |
-86.58 |
2.30 |
0.00% |
27.22 |
0.00% |
|
Diluted Normalized EPS |
-0.55 |
1.22 |
0.00% |
2.01 |
0.00% |
Source: Here
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S H Kelkar & Company Q1 Results
S H Kelkar & Company table presents the consolidated Profit and Loss (P&L) statement for the first quarter (Q1) of the financial year 2025 (FY25). It compares important financial figures with the previous quarter (Q4 FY24) and the same quarter from the previous year (Q1 FY24).
In Q1 FY25, S H Kelkar & Company earned Rs. 470.3 crore from its operations, which is an 11.3% increase compared to the previous year. The main source of revenue was sales, which grew by 12.7%. However, the income from contract manufacturing dropped significantly by 22.2%.
S H Kelkar & Company’s total expenditure also increased, primarily due to higher raw material and employee expenses, leading to an EBITDA of Rs. 78.3 crore, which reflects a 15.2% increase YoY. Despite a strong revenue performance, the company reported a loss before tax of Rs. -73.3 crore due to exceptional items, significantly worse than the profit recorded in Q1 FY24.
S H Kelkar & Company’s earnings per share also dropped sharply to -6.3, indicating tough financial challenges this quarter.
Here's a summarized overview of the consolidated P&L statement you provided for Q1 FY25:
(Rs. crore)
|
Particulars |
Q1 FY25 |
Q4 FY24 |
Q1 FY24 |
YoY Growth (%) |
|
Revenues from Operations |
||||
|
Sales |
454.7 |
493.7 |
403.5 |
12.7% |
|
Sales - Contract Manufacturing |
13.2 |
17.7 |
17 |
-22.2% |
|
Other Operating Income |
2.4 |
1.9 |
2.1 |
14.6% |
|
Total Revenue from Operations |
470.3 |
513.3 |
422.6 |
11.3% |
|
Other Income |
0.7 |
1.4 |
0.5 |
27.5% |
|
Total Income |
471 |
514.7 |
423.1 |
11.3% |
|
Total Expenditure |
||||
|
Raw Material Expenses |
246.3 |
286 |
236.5 |
4.2% |
|
Employee Benefits Expense |
67.2 |
61.8 |
57.3 |
17.2% |
|
Other Expenses |
78.5 |
76.0 |
60.8 |
29.1% |
|
EBITDA excl Other Income |
78.3 |
89.5 |
68 |
15.2% |
|
EBITDA Margin (%) excl Other Income |
16.70% |
17.50% |
16.20% |
+56 Bps |
|
Finance Costs |
9.9 |
10.0 |
9.8 |
0.7% |
|
Depreciation and Amortization |
22.5 |
22.0 |
20.9 |
7.9% |
|
Profit Before Exceptional Items and Tax |
46.5 |
58.8 |
37.8 |
23.1% |
|
Exceptional Items Gain / (Loss) |
-119.9 |
0 |
0 |
0.0% |
|
Profit Before Tax (PBT) |
-73.3 |
58.8 |
37.8 |
-294.1% |
|
Tax Expense |
12.4 |
23.8 |
11.1 |
12.1% |
|
Profit/(Loss) from Continuing Operations |
-85.8 |
35.0 |
26.7 |
-420.9% |
|
Profit/(Loss) from Discontinuing Operations |
-1.1 |
-1.6 |
1.1 |
-196.4% |
|
Profit/(Loss) for Non-controlling Interests |
-0.2 |
-0.5 |
0.8 |
-131.0% |
|
Profit for the Period Attributable to Equity Holders |
-86.6 |
33.9 |
27.1 |
-419.8% |
|
Adjusted PAT |
33.3 |
40.7 |
26.8 |
24.0% |
|
Cash Profit (excl Exceptional Items) |
55.8 |
62.7 |
47.7 |
17.0% |
|
Earnings per Share (EPS) (not annualized) |
-6.3 |
2.5 |
2 |
-411.4% |
S H Kelkar & Company Financial Performance
S H Kelkar & Company has a market capitalization of ₹ 4,265 crore, indicating its total value in the stock market. The current stock price is ₹ 308, with a highest price of ₹ 324 and a lowest price of ₹ 129 in recent trading. The stock has a price-to-earnings (P/E) ratio of 37.7, showing how much investors are willing to pay for each unit of earnings. Its book value is ₹ 87.6, which is the net asset value per share. The company offers a dividend yield of 0.24%, reflecting the return on investment from dividends.
Here’s the information presented in a table format:
|
Metric |
Value |
|
Market Cap |
₹ 4,265 Cr. |
|
Current Price |
₹ 308 |
|
High / Low |
₹ 324 / ₹ 129 |
|
Stock P/E |
37.7 |
|
Book Value |
₹ 87.6 |
|
Dividend Yield |
0.24 % |
|
ROCE |
12.5 % |
|
ROE |
10.8 % |
|
Face Value |
₹ 10.0 |
Quarterly Results
S H Kelkar & Company’s financial results for December 2023, March 2024, and June 2024 show mixed performance. In December 2023, the company had sales of ₹496 crores and a profit before tax of ₹46 crores, which is a healthy figure. By March 2024, sales increased slightly to ₹513 crores, and profit before tax rose to ₹57 crores, showing positive growth. However, in June 2024, sales fell to ₹470 crores, leading to a loss before tax of ₹74 crores.
Here’s the summary of the quarterly financial results for December 2023, March 2024, and June 2024:
(Consolidated Figures in Rs. Crores)
|
Metric |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales |
496 |
513 |
470 |
|
Expenses |
419 |
424 |
392 |
|
Operating Profit |
77 |
90 |
78 |
|
OPM (%) |
15% |
17% |
17% |
|
Other Income |
2 |
-0 |
-120 |
|
Interest |
11 |
10 |
10 |
|
Depreciation |
23 |
22 |
22 |
|
Profit Before Tax |
46 |
57 |
-74 |
|
Tax (%) |
29% |
42% |
17% |
|
Net Profit |
32 |
33 |
-87 |
|
EPS (Rs.) |
2.32 |
2.45 |
-6.25 |
About S H Kelkar & Company
S H Kelkar & Company, now known as Keva, is one of India’s largest fragrance companies. It started in British India as a manufacturer of industrial perfumes. Over the years, the company has grown into a major player in the fragrance industry, both in India and internationally. Keva focuses on creating high-quality fragrances that appeal to various markets. Many of the scents they developed decades ago are still popular today, showing their commitment to quality and creativity.
S H Kelkar & Company has expanded through both organic growth and acquisitions, making it a strong competitor worldwide. With a rich history full of important milestones, S H Kelkar & Company continues to innovate and provide unique sensory experiences through its products. Their dedication to excellence has allowed them to maintain a leading position in the fragrance industry, making them a trusted choice for customers around the globe.
S H Kelkar & Company Q1 Results - FAQs
1. What is the total revenue reported by S H Kelkar & Company for Q1 FY25?
S H Kelkar & Company reported a total revenue of ₹470.31 crores for Q1 FY25.
2. How did S H Kelkar & Company's revenue in Q1 FY25 compare to Q4 FY24?
S H Kelkar & Company's revenue in Q1 FY25 decreased by 11.77% compared to Q4 FY24.
3. What was S H Kelkar & Company's year-over-year revenue growth in Q1 FY25?
S H Kelkar & Company experienced a year-over-year revenue growth of 5.57% in Q1 FY25.
4. What was the operating income for S H Kelkar & Company in Q1 FY25?
The operating income for S H Kelkar & Company in Q1 FY25 was ₹55.77 crores.
5. How did S H Kelkar & Company's operating income change compared to the previous quarter?
S H Kelkar & Company's operating income decreased by 14.65% compared to the previous quarter.
6. What was the net income for S H Kelkar & Company in Q1 FY25?
S H Kelkar & Company reported a net income loss of ₹86.58 crores in Q1 FY25.
7. What is the diluted normalized EPS for S H Kelkar & Company in Q1 FY25?
The diluted normalized EPS for S H Kelkar & Company in Q1 FY25 is -₹0.55.
8. What were the total operating expenses for S H Kelkar & Company in Q1 FY25?
S H Kelkar & Company reported total operating expenses of ₹414.54 crores in Q1 FY25.
9. What significant changes did S H Kelkar & Company face in their profit before tax?
S H Kelkar & Company faced a profit before tax loss of ₹73.3 crores in Q1 FY25 due to exceptional items.
10. What is the market capitalization of S H Kelkar & Company?
The market capitalization of S H Kelkar & Company is ₹4,265 crores.